The land for sale is the lots at Laurel Mountain Village, a private home development right outside the access road of the ski area but not slope side. The land that is the ski area is state park land that comes with a restriction that doesn’t allow overnight lodging. In fact the only allowable use of the land is for daily winter sports. The asking price for the Village land and the physical facility at the ski area (lodge, outbuildings, and aboveground components of the snowmaking system) is said to be 7 million.
It will cost roughly $400,000 to operate the ski area for a single season. That includes salaries, supplies and utilities. We must have this in hand before the season to begin preparation such as lift inspection and basic maintenance.
Are there 400 'investors' willing to put in $1000 for the privilege of owning a lease, lifts, lodge and related equipment to operate 1 season with the hope that enough income will be generated to sustain future operations? Both the DCNR and Somerset Trust have said they are willing to consider such a plan.
Edited by Laurel Hill Crazie (04/15/07 12:06 PM)